Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Expanding Your Sales Portfolio? Give LTCI a Second Look
Jul 20 2015 // If you don’t offer your clients long term care insurance (LTCI), you may be missing out. This rapidly-evolving product is more attractive than ever. LTCI is more versatile than you may remember, thanks to recent...
New Regulatory Guidance Affects Insurers, Producers
Jul 20 2015 // detailed illustration of a compass with Cyber Security text, eps10 vector Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open...
Vermont Regulators Issue Bulletin on Price Optimization
Jul 20 2015 // Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors. The Vermont...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 20 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Arizona Supreme Court Ruling May Expose Agents to Lawsuits
Jul 17 2015 // An Arizona Supreme Court ruling may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage – even with a...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Signed, Sealed, Delivered: Florida’s 2015 Insurance Legislation Takes Effect
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015. HB1133 –...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 16 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Carriers See Growth Ahead in Specialty Insurance Program Market: Survey
Jul 16 2015 // The outlook is good for the specialty insurance program market, with carriers looking more favorably on smaller accounts, single state programs and startups, according to a new survey. Carriers see the program...
Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud
Jul 16 2015 // A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen Reichman, 54, and three...
A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings
Jul 14 2015 // The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best*. Putting the volatility into context, A.M. Best noted that...
UK Insurers Ponder Implications of Premium Tax Increase
Jul 14 2015 // The unexpected announcement in UK Chancellor George Osborn’s budget, which would raise the Insurance Premium Tax (IPT) from 6 percent to 9.5 percent starting in November, poses a problem for UK-based insurers. David...
Georgia Hopes to Establish State as Captive-Friendly with Revised Law
Jul 14 2015 // Companies looking to form captives in Georgia can now do so with more favorable conditions since the passage of several business-friendly amendments to the Georgia captive insurance law, which became effective July 1. The...
Exposing Insurance Frauds Saves UK Customers $5.588 Million a Day: ABI Study
Jul 13 2015 // The Association of British Insurers (ABI) has published figures showing that £3.6 million [$5.588 Million] a day is being “saved by exposing insurance cheats.” It is only one of the “factors helping to...
Nautilus Insurance Enhances Contractors Program
Jul 13 2015 // Coverage Now Available in 48 States, Including California. Scottsdale, AZ, July 13 2015 — Nautilus Insurance, a W. R. Berkley Company®, has announced the enhancement of its General Liability product offering for...
Missouri Insurance Department Returns $6.3M to Consumers
Jul 10 2015 // The Missouri Department of Insurance helped consumers who filed a complaint against their insurance company receive an additional $6.3 million in claim payments in the first half of 2015. Health insurance generated the...
Law Firms Face Large Malpractice Claims as Risks Grow: Study
Jul 10 2015 // As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by...
UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack
Jul 10 2015 // UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability
Jul 10 2015 // Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the...
A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece
Jul 10 2015 // The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although (re)insurers operating in the economic bloc are well positioned to withstand a continued period of volatility, according...
